House2015-04-30Referred to the House Committee on Ways and Means.114Real Estate Investment and Jobs Act of 2015

This bill amends the Internal Revenue Code to increase from 5% to 10% the stock ownership threshold in a real estate investment trust for purposes of exempting proceeds from dispositions of such stock from withholding requirements under the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA). Exempts from FIRPTA withholding requirements U.S. real property interests held by: (1) a qualified foreign pension fund created or organized outside the United States, or (2) any entity all of the interests of which are held by a qualified foreign pension fund.

]]>2015-04-30T04:00:00ZIntroduced in House2015-04-30002015-07-10T21:42:44ZIntroduced in HouseNYC0010382015-04-30Rep. Crowley, Joseph [D-NY-14]D14TrueJOSEPHCROWLEYC00103880681604WAM0004042015-04-30Rep. McDermott, Jim [D-WA-7]D7TrueJIMMCDERMOTTM0004047668211WAR0005782015-04-30Rep. Reichert, David G. [R-WA-8]R8TrueDavidReichertR00057882121810G.TXM0011582015-04-30Rep. Marchant, Kenny [R-TX-24]R24TrueKennyMarchantM00115818068766INY0000642015-04-30Rep. Young, Todd C. [R-IN-9]R9TrueToddYoungY00006420197948C.ILR0005802015-04-30Rep. Roskam, Peter J. [R-IL-6]R6TruePeterRoskamR00058079261848J.PAM0011812015-04-30Rep. Meehan, Patrick [R-PA-7]R7TruePatrickMeehanM00118120528125CAS0011562015-04-30Rep. Sanchez, Linda T. [D-CA-38]D38TrueLINDASANCHEZ1757S0011567844T.OHR0005862015-04-30Rep. Renacci, James B. [R-OH-16]R16TrueJamesRenacci2048R0005868106B.NYR0005852015-04-30Rep. Reed, Tom [R-NY-23]R23TrueTomReed80901982R000585OHT0004622015-04-30Rep. Tiberi, Patrick J. [R-OH-12]R12TruePATRICKTIBERI1664T0004628102J.ORB0005742015-04-30Rep. Blumenauer, Earl [D-OR-3]D3TrueEARLBLUMENAUERB000574998116NYR0000532015-04-30Rep. Rangel, Charles B. [D-NY-13]D13TrueCHARLESRANGELR0000538076944B.CAT0004602015-04-30Rep. Thompson, Mike [D-CA-5]D5TrueMIKETHOMPSON1593T0004607806CTL0005572015-04-30Rep. Larson, John B. [D-CT-1]D1TrueJOHNLARSON78661583L000557B.MAN0000152015-04-30Rep. Neal, Richard E. [D-MA-1]D1TrueRICHARDNEAL854N0000157967E.WIK0001882015-04-30Rep. Kind, Ron [D-WI-3]D3TrueRONKINDK00018882161498NYK0002102015-04-30Rep. King, Peter T. [R-NY-2]R2TruePETERKINGK0002106358064T.TXS0002502015-04-30Rep. Sessions, Pete [R-TX-32]R32TruePETESESSIONS1525S0002508188TXJ0001742015-04-30Rep. Johnson, Sam [R-TX-3]R3TrueSAMJOHNSON603J0001748159ILD0006132015-04-30Rep. Dold, Robert J. [R-IL-10]R10TrueRobertDold79302013D000613J.FLB0012602015-04-30Rep. Buchanan, Vern [R-FL-16]R16TrueVernBuchananB00126078851840KSJ0002902015-04-30Rep. Jenkins, Lynn [R-KS-2]R2TrueLynnJenkins1921J0002907950MNP0005942015-05-12Rep. Paulsen, Erik [R-MN-3]R3FalseErikPaulsen1930P0005948003ILK0003782015-06-02Rep. Kinzinger, Adam [R-IL-16]R16FalseAdamKinzingerK00037820147931NJP0000962015-06-02Rep. Pascrell, Bill, Jr. [D-NJ-9]D9FalseWILLIAMPASCRELLP00009680501510J.FLD0006002015-06-02Rep. Diaz-Balart, Mario [R-FL-25]R25FalseMarioDiaz-BalartD00060017177893NES0011722015-06-02Rep. Smith, Adrian [R-NE-3]R3FalseAdrianSmithS00117218608040CAN0001812015-06-02Rep. Nunes, Devin [R-CA-22]R22FalseDevinNunesN00018117107826NCH0010652015-06-02Rep. Holding, George [R-NC-13]R13FalseGeorgeHoldingH0010652143OHT0004632015-06-02Rep. Turner, Michael R. [R-OH-10]R10FalseMichaelTurnerT00046317418093R.LAB0012552015-06-02Rep. Boustany, Charles W., Jr. [R-LA-3]R3FalseCharlesBoustanyB00125579651787W.PAK0003762015-06-11Rep. Kelly, Mike [R-PA-3]R3FalseMikeKelly2051K0003768708MOS0011952015-06-11Rep. Smith, Jason [R-MO-8]R8FalseJasonSmith2191S001195FLR0004352015-06-17Rep. Ros-Lehtinen, Ileana [R-FL-27]R27FalseILEANAROS-LEHTINENR0004359857890TNB0012732015-06-17Rep. Black, Diane [R-TN-6]R6FalseDianeBlack81532063B001273SDN0001842015-06-25Rep. Noem, Kristi L. [R-SD-At Large]R0FalseKristiNoem81472060N000184L.2015-05-01T14:01:09ZTaxation9152015-04-14Placed on Senate Legislative Calendar under General Orders. Calendar No. 48.Real Estate Investment and Jobs Act of 2015114Related billCRSS20292015-12-18Became Public Law No: 114-113.Consolidated Appropriations Act, 2016114Related billCRSHRReal Estate Investment and Jobs Act of 2015Employee benefits and pensionsFinancial services and investmentsReal estate businessSecuritiesTaxation of foreign incomeU.S. and foreign investmentsTaxation3Referred to the House Committee on Ways and Means.2House floor actionshswm00Ways and Means Committee2015-04-30IntroReferralH11100Introduced in House9Library of Congress2015-04-30IntroReferralIntro-HIntroduced in House9Library of Congress2015-04-30IntroReferral10001112015-04-301.0.0HR[Congressional Record Volume 161, Number 64 (Thursday, April 30, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BRADY of Texas:H.R. 2128.Congress has the power to enact this legislation pursuantto the following:Article I Section 8 of the U.S. Constitution, which givesCongress the ``power to lay and collect taxes, duties,imposts and excises.''[Page H2770]]]>2128Real Estate Investment and Jobs Act of 2015Short Titles as IntroducedTo amend the Internal Revenue Code of 1986 to exempt certain stock of real estate investment trusts from the tax on foreign investments in United States real property interests, and for other purposes.Official Title as IntroducedReal Estate Investment and Jobs Act of 2015Display TitleHouseReferred to2015-04-30T14:03:20ZStandinghswm00Ways and Means Committee2018-11-09T00:08:59ZRep. Brady, Kevin [R-TX-8]1468B0007558164BRADYKEVINRB0007558TXtext/xmlENPursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.Congressional Research Service, Library of CongressThis file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.